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Note: Do only c) #2
The Gannette Co., Inc. presented five year summary as part of its 2001 annual report.
C. Based on these data compute the following for 1999 - 2001
2. Percentage of earnings retained
2001 2000 1999
Net Income 831,197,000 1,719,077,000 957,928,000
Declared 238,301,000 228,212,000 228,781,000
Percentage of earnings retained can be calculated by using the following equation: -
= Net Income ...
This solution is comprised of a detailed explanation to calculate Percentage of earnings retained for the Gannette Co., Inc.